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How Technology Will Shape Leadership In 2023 - Forbes

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Date: 2023-01-12 15:31:16

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Leadership has never been more critical, and technologies will continue to shape how leaders work in the coming years. It is, therefore, up to leaders to embrace these new technologies and use them responsibly if they’re going to stay ahead of the competition.

Leaders must develop a strategy for the future that incorporates emerging technologies to remain ... [+] competitive, concludes research

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The rapid advancement of artificial intelligence, cloud computing, data analytics and automation are just some technologies that will revolutionize how leaders collaborate with their team members and interact with customers. In 2023, these technologies will be even more deeply embedded in our lives and businesses, concluded research published by Harvard Business Review. The study found that leaders must consequently understand how new technologies can help them better lead their organizations and create strategies for success.

Leaders will, therefore, need to be more open to new technologies and embrace them in order to stay ahead of the competition. This means continuously experimenting with different technologies, staying abreast of the latest advances, and understanding how they can help a business meet its goals. Leaders must also understand that customer needs are constantly changing, so technology should be used to provide value, not simply for its own sake. After all, customer experience is the key to success, concluded research undertaken by Gartner.

That said, leaders will also need to be prepared to make decisions quickly as the speed of innovation accelerates. This means taking advantage of real-time data and analytics in order to stay ahead of the curve. And so, leaders must develop a strategy for the future that incorporates emerging technologies to remain competitive. They can do this by: